Futures Edge Down; Ralph Lauren Rising, Wynn Falling

By Sam Mamudi

Getty Images

Sports and entertainment

Futures for the leading stock indexes are down slightly this morning, ahead of Wednesday’s opening bell.

Shares of MBIA (MBI) are rising, up about 5.5% in premarket trades. Ralph Lauren (RL) is also gaining, up 6.4% after reporting fiscal third-quarter net income of $2.31 a share and net revenues of $1.8 billion. Analysts surveyed by FactSet had expected, on average, profit of $2.20 on revenue of $1.85 billion.

J.C. Penney (JCP) is down premarket, falling nearly 3%. Maxim Group initiated coverage of the under-fire retailer this morning with a Sell rating. Penney’s stock is down 52% in the past year. Shares of Wynn Resorts (WYNN) are off more than 3%; Wynn Macau stock fell 7% in Hong Kong trading today — its biggest daily loss since Oct. 2011 — after reports that Chinese authorities plan to crack down on junket operators.

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FEBRUARY 6, 2013 2:16 P.M.

jack potts wrote:

Why is Ron Johnson still around? Maybe if Icahn gets more control Johnson will be history. U don't have to worry about his package . It's probably worth in excess of $100M. Why the Co's give out these non performance packages is beyond me.I feel for the people that have been laid off because of Johnson's policies. He should be terminated without the package!!!

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